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DALLAS-WorldCom is building technical facilities in 13 cities, where more than 1.3 million sf is under construction or being leased. Overseeing the closely guarded Project Lightspeed is Dallas-based WorkPlaceUSA.
DALLAS-Miramar Development is readying plans to break ground on a 650,000-sf project in east Plano that nearly mirrors one that will deliver in April in the same submarket. That's it for east Plano after this one, says the developer. There's not enough land left for his kind of work.
AUSTIN-Earful of Books, an audiobooks chain from Austin, is headed to Oregon for the first leg of its expansion. The company will open three stores in the next 18 months in Oregon, a new market, and has 31 under contract in its existing lineup of states.
MIAMI-The locally based developer of Internet infrastructure and provider of managed services signs a binding contract with the company's senior management to divest an operating unit for an undisclosed price.
WASHINGTON, DC-National Association of Realtors' chief economist, Dr. David Lereah, expects housing sales to increase 2.5% this year, for new home sales to hold steady and housing starts to increase 0.9%.
WEST ORANGE, NJ-The owner and operator of multifamily real estate properties acquires its first two complexes in the Pennsylvania market and sets its sights on increasing its profile in the eastern part of the Keystone State.
VANCOUVER, WA-Roads and utilities for Birtcher Business Center are slated for completion in the summer of 2002, as are the development's first 200,000 sf of buildings. It is planned as a strictly industrial version of AmberGlen Business Center in Hillsboro.
AUSTIN-A San Diego-based wireless operation has opened temporary offices in the state capital as it continues to search for permanent space. The company plans to use part of a $50-million second funding to fuel the new location.